Real Estate QUIZMASTER

Real Estate QUIZMASTER Definitions Analytical Acronyms Numerical Miscellaneous 100 100 100 100 100 200 200 200 200 200 300 300 300 300 300 400 400 400 400 400 500 500 500 500 500 “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

Definitions for 100 • The number of periods over which the payments will be calculated given the interest rate and dollar amount of the loan “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

Definitions for 200 • A written document containing the contract terms between the borrower and lender “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

Definitions for 300 • The proportion of deposits that are held in ready access for immediate customer withdrawal “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

DAILY DOUBLE “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

Daily Double Definitions for 400 • The clause under which the lender has the right to declare the entire loan balance due after the borrower defaults in any way “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

Definitions for 500 • This clause requires full repayment upon the sale if the real estate that secures the mortgage “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

Analytical for 100 • The Statute of Frauds requires all land interests including mortgages to be _____ “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

Analytical for 200 • Careful scrutiny of the loan prior to its origination is also termed _______ “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

Analytical for 300 • A lender is hurt in a rising interest rate environment but does not benefit in a declining interest rate environment because pf the borrower’s option to _____ the loan “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

Analytical for 400 • This type of penalty negates the benefit of prepaying a loan because of market based interest rate declines “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

Analytical for 500 Financial markets are categorized as either _____ markets or capital markets “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

Acronyms for 100 • G D P “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

Acronyms for 200 • C R A “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

Acronyms for 300 • A R M “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

Acronyms for 400 • R T C “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

Acronyms for 500 • F R M “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

Numerical for 100 Freddie Mac prefers that the mortgage payments be no more than ___% of household income if required expenses are typical “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

Numerical for 200 Real risk free rates in the US have run about ____________ for longer term investments “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

Numerical for 300 • If the nominal rate is 7% and the estimated inflation is 5%, then the real rate is _____ “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

Numerical for 400 • Pension funds represent a huge potential source of capital for real estate since about ___________% of their current total investment is outside real estate “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

The U.S. GDP has grown at an average annual rate of approximately ___ over the last 20 years Numerical for 500 “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

Miscellaneous for 100 • The ______ is the borrower who is giving the lender a mortgage on the property as security for the borrowed funds “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

Miscellaneous for 200 A popular way to measure default risk is a score on ______ “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

Miscellaneous for 300 • The property owner’s ______ interest is subordinate to the lender’s security interest in the property “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

Miscellaneous for 400 • A callable bond can be refunded upon exercising a _______ “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

Miscellaneous for 500 • The largest originator of mortgages for one to four residential unit properties in the US are ______ “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

Real Estate QUIZMASTER